Announcement • Mar 09
Unity Bancorp, Inc., Annual General Meeting, Apr 23, 2026 Unity Bancorp, Inc., Annual General Meeting, Apr 23, 2026. Location: meetnow.global/mcjw47x, United States Announcement • Feb 27
Unity Bancorp, Inc. Declares Dividend for the First Quarter of 2026, Payable on March 20, 2026 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.16 per common share for the first quarter of 2026. Such dividend is payable on March 20, 2026, to shareholders of record as of March 6, 2026. Announcement • Oct 15
Unity Bancorp, Inc. Announces Net Chargeoffs for the Quarter Ended September 30, 2025 Unity Bancorp, Inc. announced net chargeoffs for the quarter ended September 30, 2025. For the quarter, the company reported Net chargeoffs of $176,000 against $134,000 a year ago. Announcement • Aug 22
Unity Bancorp Announces Dividend for Third Quarter 2025, Payable on September 19, 2025 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.15 per common share. Such dividend is payable on September 19, 2025, to shareholders of record as of September 5, 2025. Announcement • May 23
Unity Bancorp, Inc. Declares Cash Dividend for the Second Quarter of 2025, Payable on June 20, 2025 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.14 per common share. Such dividend is payable on June 20, 2025, to shareholders of record as of June 6, 2025. Announcement • Mar 11
Unity Bancorp, Inc., Annual General Meeting, Apr 24, 2025 Unity Bancorp, Inc., Annual General Meeting, Apr 24, 2025. Location: meetnow.global/mmkx2uw, United States Announcement • Mar 01
Unity Bancorp, Inc. and Unity Bank Announces Resignation of Board Member Donald E. Souders, Jr Unity Bancorp, Inc. on February 26, 2025, Donald E. Souders, Jr. notified Unity Bancorp Inc. of his resignation from the Board of Directors of the Company and Unity Bank, (the “Bank”) effective February 26, 2025. Announcement • Feb 28
Unity Bancorp, Inc. Increases First Quarter Cash Dividend, Payable on March 28, 2025 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.14 per common share. Such dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025. This represents an 8% increase from the $0.13 dividend per common share paid in the prior quarter. Announcement • Nov 22
Unity Bancorp Inc. Declares Cash Dividend, Payable on December 31, 2024 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on December 31, 2024, to shareholders of record as of December 13, 2024. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$1.09 (vs US$0.98 in 3Q 2023) Third quarter 2024 results: EPS: US$1.09 (up from US$0.98 in 3Q 2023). Revenue: US$26.6m (up 6.2% from 3Q 2023). Net income: US$10.9m (up 9.6% from 3Q 2023). Profit margin: 41% (up from 40% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €42.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 89% over the past year. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €35.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 70% over the past year. Reported Earnings • Oct 11
Third quarter 2024 earnings released: EPS: US$1.09 (vs US$0.98 in 3Q 2023) Third quarter 2024 results: EPS: US$1.09 (up from US$0.98 in 3Q 2023). Revenue: US$26.6m (up 6.1% from 3Q 2023). Net income: US$10.9m (up 9.6% from 3Q 2023). Profit margin: 41% (up from 40% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Upcoming Dividend • Sep 02
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.4%). Declared Dividend • Aug 19
Second quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.6% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 16
Unity Bancorp Inc. Declares Cash Dividend, Payable on September 20, 2024 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €31.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 37% over the past year. Recent Insider Transactions • Jul 19
Independent Director recently sold €94k worth of stock On the 17th of July, Mary Gross sold around 3k shares on-market at roughly €29.26 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €160k more than they bought in the last 12 months. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: US$0.94 (vs US$0.96 in 2Q 2023) Second quarter 2024 results: EPS: US$0.94 (down from US$0.96 in 2Q 2023). Revenue: US$24.5m (down 1.3% from 2Q 2023). Net income: US$9.45m (down 2.5% from 2Q 2023). Profit margin: 39% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €27.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 30% over the past year. Declared Dividend • May 27
First quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 7th June 2024 Payment date: 21st June 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.7% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 18
Unity Bancorp, Inc. Declares Cash Dividend, Payable on June 21, 2024 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on June 21, 2024, to shareholders of record as of June 7, 2024. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: US$0.95 (vs US$0.98 in 1Q 2023) First quarter 2024 results: EPS: US$0.95 (down from US$0.98 in 1Q 2023). Revenue: US$24.9m (down 1.2% from 1Q 2023). Net income: US$9.59m (down 6.8% from 1Q 2023). Profit margin: 39% (down from 41% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Recent Insider Transactions • May 05
Insider recently sold €66k worth of stock On the 1st of May, Vincent Geraci sold around 3k shares on-market at roughly €25.46 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €267k more than they bought in the last 12 months. Reported Earnings • Apr 13
First quarter 2024 earnings released: EPS: US$0.95 (vs US$0.98 in 1Q 2023) First quarter 2024 results: EPS: US$0.95 (down from US$0.98 in 1Q 2023). Revenue: US$24.9m (down 1.2% from 1Q 2023). Net income: US$9.59m (down 6.8% from 1Q 2023). Profit margin: 39% (down from 41% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Mar 12
Unity Bancorp, Inc., Annual General Meeting, Apr 25, 2024 Unity Bancorp, Inc., Annual General Meeting, Apr 25, 2024, at 08:30 Eastern Daylight. Agenda: To consider the election of the three nominees listed in the attached proxy statement to serve on the Board of Directors for the terms set forth therein for each nominee; to consider the ratification of the selection of Wolf & Company P.C. as the Company’s independent external auditors for the year ending December 31, 2024; to approve, on an advisory basis, the executive compensation of the Company's named executive officers, as described in this proxy statement; and to discuss other matters. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$3.89 (vs US$3.66 in FY 2022) Full year 2023 results: EPS: US$3.89 (up from US$3.66 in FY 2022). Revenue: US$100.0m (up 6.5% from FY 2022). Net income: US$39.7m (up 3.3% from FY 2022). Profit margin: 40% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.06% (down from 4.40% in FY 2022). Cost-to-income ratio: 45.5% (up from 42.7% in FY 2022). Non-performing loans: 0.88% (up from 0.43% in FY 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.8%). Declared Dividend • Mar 04
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (12% forecast payout ratio). The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 23
Unity Bancorp, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on March 29, 2024 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.13 per common share for the first quarter of 2024. Such dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024. This represents an 8% increase from the $0.12 dividend per common share paid in the prior quarter. Reported Earnings • Jan 13
Full year 2023 earnings released: EPS: US$3.89 (vs US$3.66 in FY 2022) Full year 2023 results: EPS: US$3.89 (up from US$3.66 in FY 2022). Revenue: US$100.0m (up 6.4% from FY 2022). Net income: US$39.7m (up 3.3% from FY 2022). Profit margin: 40% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Banks industry in Europe. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.12 per share at 1.8% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.3%). Announcement • Nov 17
Unity Bancorp, Inc. Declares Cash Dividend, Payable on December 29, 2023 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.12 per common share. Such dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023. Reported Earnings • Oct 15
Third quarter 2023 earnings released: EPS: US$0.98 (vs US$0.94 in 3Q 2022) Third quarter 2023 results: EPS: US$0.98 (up from US$0.94 in 3Q 2022). Revenue: US$25.0m (up 7.3% from 3Q 2022). Net income: US$9.95m (flat on 3Q 2022). Profit margin: 40% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Upcoming Dividend • Aug 31
Upcoming dividend of US$0.12 per share at 2.0% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%). Announcement • Aug 18
Unity Bancorp, Inc. Declares Cash Dividend, Payable on September 22, 2023 Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.12 per common share. Such dividend is payable on September 22, 2023, to shareholders of record as of September 8, 2023. Reported Earnings • Jul 16
Second quarter 2023 earnings released: EPS: US$0.96 (vs US$0.90 in 2Q 2022) Second quarter 2023 results: EPS: US$0.96 (up from US$0.90 in 2Q 2022). Revenue: US$24.9m (up 6.6% from 2Q 2022). Net income: US$9.70m (up 2.6% from 2Q 2022). Profit margin: 39% (down from 41% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Banks industry in Europe. Announcement • Jun 30
Unity Bancorp, Inc. Appoints Daniel Sharabba as Svp/Senior Retail Officer UNITY BANCORP INC Appoints Industry Veteran Daniel Sharabba as SVP/Senior Retail - Officer. Banking industry veteran Daniel Sharabba has joined Unity Bank as Senior Vice President/Senior Retail Officer. The Morris Plains resident is responsible for the development and execution of the community banks branch banking operations. Sharabba previously served as Regional Manager/Vice President with Citizens Bank, overseeing 17 retail locations, across five counties in Northern and Central New Jersey. Prior to that, he was with J.P. Morgan Chase serving as Private Client Branch Manager/Vice President and Financial Advisor/Office Manager. Sharabba earned a Bachelors in Corporate Finance from Montclair State University. He is an Advisory Board Member of the New Jersey Devils not for profit organization and Nourish NJ, a Morris County nonprofit. Sharabba and his wife, Emily, have two children, Macie and Leo. New Risk • Jun 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €291k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€291k sold). Announcement • May 28
Unity Bancorp, Inc. Announces Resignation of Janice Bolomey as Executive Vice President, Director of Sales and Chief Administrative Officer, Effective June 30, 2023 Unity Bancorp, Inc. announced that Ms. Janice Bolomey, the company's Executive Vice President, Director of Sales and Chief Administrative Officer, was resigning effective June 30, 2023 (the Separation Date). Board Change • May 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 10 highly experienced directors. Independent Vice Chairman Aaron Tucker was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
